Flynn Zito Capital Management LLC Sells 99,167 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Flynn Zito Capital Management LLC trimmed its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 34.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,152 shares of the company’s stock after selling 99,167 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 2.2% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Flynn Zito Capital Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,206,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 264.0% in the third quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after purchasing an additional 1,201 shares during the last quarter. Tyler Stone Wealth Management bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth approximately $30,000. Fortis Capital Advisors LLC bought a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth approximately $35,000. Sunbelt Securities Inc. bought a new stake in First Trust Preferred Securities and Income ETF during the first quarter worth approximately $46,000. Finally, Lumature Wealth Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF during the first quarter worth approximately $190,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

NYSEARCA FPE traded down $0.01 during trading hours on Thursday, hitting $17.01. 1,247,236 shares of the company were exchanged, compared to its average volume of 1,449,339. The stock has a 50-day moving average price of $17.21 and a 200 day moving average price of $16.68. First Trust Preferred Securities and Income ETF has a 52 week low of $15.45 and a 52 week high of $17.45.

First Trust Preferred Securities and Income ETF Profile

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum.